ha DE BUSINES LAW200 DE Con X Mor *Financia YouTube Agency tract%20Law%20-%20Test%202%20%20Part%208%20Wednesday%20March%2030%202022%20AM.p CD Page view A Read aloud T Add text I V Draw 1 (a). Answer the case study below using the law of contract principles. (22 marks) Greg, a well-known University lecturer and a successful businessman had a 2020 Toyota Rush for sale and advertised this in the newspaper. A man responded to the advertisement and visited Greg's home to view the vehicle. In his discussions with Greg, the man agreed to purchase the vehicle for $1,400,000.00 and he gave Greg a personal cheque for the sum. Greg informed him that he would need a manager's cheque but the man then informed him that he was Mr Cox, the owner of a well-known pharmacy and showed him his driver's licence. The crook also informed Greg that he had a bag of cocaine with a street value of $100,000 to pay him for the balance owed. Greg had heard of Mr Cox but never met him before. He took the cheque and the cocaine and gave Mr Cox the car. The following day when Greg went to the bank to lodge the cheque, he was informed that the cheque was a forgery and that the account number stated thereon was fictitious. Greg was so embarrassed; he did not report the matter to the police. Three days later, Greg was in the Liguanea plaza and saw the car parked in the parking lot and called the police. When the police arrived, they questioned a lady, Mrs Henry, as she opened the car door about her being in possession of the car. She informed them that she purchased the car the day before for $1,000,000.00 from a man who fit the description of the crook. Greg informed her that she must give him back the car as it was sold to her by a crook. Mrs Henry refused to do so, having paid the crook and got the car papers transferred in her name. Greg is worried if he will be able to retrieve the car and he has not mentioned the cocaine he received from the crook to the police. Greg has come to you for advice. Advise Greg as follows. 1. Identify all issues arising 2. Discuss the legal principles and relevant cases W hpDE BUSINES LAW200 DE Con X Mor *Financia YouTube Ag tract%20Law%20-%20Test%202%20%20Part%208%20Wednesday%20March%2030%2020229 (o ) [ Page view | A Read aloud T Add text Draw Greg informed her that she must give him back the car as it was sold to her by a crook. Mrs Henry refused to do so, having paid the crook and got the car papers transferred in her name. Greg is worried if he will be able to retrieve the car and he has not mentioned the cocaine he received from the crook to the police. Greg has come to you for advice. Advise Greg as follows. 1. Identify all issues arising 2. Discuss the legal principles and relevant cases 3. Apply the legal principles to the case study 4. Advise Greg Question 1 b (8 marks) Explain with the use of decided cases the law pertaining to exemption clauses 0 :: O W hp